A four year tenor facility is aimed to fund micro, small and medium sized enterprises in rural areas of Georgia.
“We are proud to determine our relationship with Credo to get Georgia’s farmers, micro and small enterprises in Georgia’s regions; and, to broaden our collaboration using the Access Microfinance Holding network in Asia,” said Rainer Hartel, Principal Investment Specialist in ADB’s Private Sector Operations Department.
“Partnership by using these a properly respectable International Loan company as Asian Development Bank (ADB) can be a step to achieve our purpose of strengthening the agricultural sector in Georgia. We’re looking forward to provide additional financing into the micro, small and medium sized businesses in rural Georgia,” said Credo’s Ceo Zaza Pirtskhelava.
About Asian Development Bank
ADB, is dedicated to reducing poverty in Asia as well as the Pacific through inclusive economic, environmentally sustainable growth, and regional integration. With $22.93?billion in approved financing in 2014,?ADB is focused on delivering projects that creates economic and development impact. Established in 1966, it truly is of 67 members – which 48 are from within Asia as well as Pacific and 19 outside, including Georgia learning to be a member country since 2007.
Credo is the leading micro finance organization regarding range of clients with countrywide presence. It operates 59 branches and serves greater than 190 thousand customers across Georgia. It provides innovative products, quality services and comprehension of agriculture financing. Credo is a member of international shareholders, the social impact investors – Access Microfinance Holding AG (Germany) and money managed by responsAbility Investment Management AG (Switzerland) and Triodos Investment Management BV (Netherlands).
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